At a Glance
- Tasks: Drive transformation in insurance through AI and process automation.
- Company: Join a forward-thinking insurance company focused on innovation.
- Benefits: Competitive salary, flexible working options, and career development opportunities.
- Other info: Collaborative environment with opportunities for professional growth.
- Why this job: Make a real impact by optimising processes and enhancing customer experiences.
- Qualifications: Experience as a Business Analyst in insurance with knowledge of AI and automation.
The predicted salary is between 57036 - 69710 £ per year.
INSURANCE BUSINESS ANALYST - AI / PROCESS AUTOMATION - UMBRELLA
About the Role
We are seeking an experienced Business Analyst to join our growing team and play a key role in driving transformation across our insurance business.
This is an exciting opportunity for a commercially minded BA with a strong insurance background, combined with expertise in AI initiatives, process automation, and digital transformation.
Working closely with Underwriting, Operations, Technology, and Change teams, you will identify opportunities to optimise processes, enhance customer and underwriter experiences, and leverage emerging technologies to deliver measurable business value.
Key Responsibilities
- Partner with underwriting, operations, and technology stakeholders to understand business challenges and define effective solutions.
- Analyse and document current and future-state business processes.
- Identify opportunities to improve underwriting efficiency through automation, AI and workflow optimisation.
- Lead requirements gathering workshops and produce high-quality business analysis artefacts including user stories, process maps, business requirements, and functional specifications.
- Support the implementation of AI-driven solutions, including underwriting decision support, document processing, and data analytics initiatives.
- Collaborate with technical teams to design and implement process automation solutions.
- Conduct impact assessments, gap analyses, and business readiness activities.
- Support testing, user acceptance testing (UAT), and change adoption activities.
- Track benefits realisation and ensure delivered solutions meet business objectives.
Skills & Experience
- Proven experience as a Business Analyst within the Insurance sector.
- Strong understanding of Underwriting processes, workflows, and insurance operations.
- Experience delivering business and technology transformation projects.
- Demonstrable experience in process improvement and process automation initiatives.
- Knowledge of AI use cases within insurance, underwriting, claims, or operational functions.
- Strong stakeholder management skills with the ability to engage senior business leaders and technical teams.
- Excellent requirements elicitation, documentation, and process mapping capabilities.
- Experience working within Agile and/or Waterfall delivery environments.
- #J-18808-Ljbffr
Insurance Business Analyst - AI / PROCESS AUTOMATION - Umbrella employer: Lorien
As a leading employer in the Cyber Security sector, we offer an engaging work culture that prioritises collaboration and innovation. Our Stevenage location provides a dynamic environment where employees can thrive, with opportunities for professional growth and development, including support for further security clearances. Join us to be part of a team dedicated to countering cyber threats while enjoying competitive pay and a commitment to employee well-being.
StudySmarter Expert Advice🤫
We think this is how you could land Insurance Business Analyst - AI / PROCESS AUTOMATION - Umbrella
✨Dive Into Industry Networking Events
Get your foot in the door by attending insurance industry events and conferences. Not only will you learn about the latest trends, but you'll also meet potential employers and industry peers. Check out local chapters of professional bodies like the Chartered Insurance Institute for valuable meetups.
✨Use LinkedIn to Your Advantage
Don’t underestimate the power of LinkedIn in the insurance world. Engage with industry content, join relevant groups, and connect with professionals at companies you admire (like Lorien). A thoughtful message explaining your interest can really make a difference!
✨Look Out for Graduate Schemes
Many firms in insurance have structured graduate programmes. Keep an eye on application windows and utilise your university's career services for insider tips. These schemes are designed to develop talent and often lead to permanent roles after your initial training.
✨Leverage Your Current Connections
Got friends or family in the industry? Now’s the time to reach out! Personal referrals can give you a head start, so let them know you're on the lookout for full-time opportunities at places like Lorien. Don’t shy away from asking for a coffee chat; you never know what doors it might open!
We think you need these skills to ace Insurance Business Analyst - AI / PROCESS AUTOMATION - Umbrella
Some tips for your application 🫡
Highlight Your Analytical Skills:In insurance, we love a candidate who can crunch numbers and analyse data effectively. When crafting your CV, make sure to showcase any relevant coursework or experiences that highlight your analytical abilities, especially if you’ve tackled risk assessment or financial modelling.
Showcase Industry Knowledge:Don’t be shy about your knowledge of the insurance sector! We want to see that you've done your homework on current trends, regulations, and challenges in the industry. Mention any relevant projects or studies you’ve completed that demonstrate your understanding of the field in your cover letter.
Craft a Compelling Cover Letter:Your cover letter should tell us why you’re passionate about insurance. Share any personal experiences or what drew you into this profession. We’re looking for enthusiasm and a clear motivation for why you want to be part of our team at Lorien.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at Lorien. Highlight relevant skills such as risk management, customer service experience, or any certifications you've earned in the industry to make your application stand out.
How to prepare for a job interview at Lorien
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at Lorien to throw some technical questions your way, so be ready to demonstrate your grasp of these essentials.
✨Showcase Your Analytical Side
In the insurance world, it's all about data. Prepare to discuss any analytical tools or methodologies you've used in past experiences. If you have a portfolio of projects where you've tackled complex data, bring that along to impress the team!
✨Prepare for Behavioural Questions
As a full-timer at Lorien, they'll want to know how you handle real-life scenarios, not just theory. Think about challenges you've faced in teamwork or customer service, and how those experiences can relate to a career in insurance.
✨Know the Company Culture Inside Out
Understanding Lorien's values and workplace culture is essential. Don’t just memorise their mission statement; think about how your personal values align with theirs. This will show your genuine interest in being part of their team long-term.
